Yours for £10.5m: the most expensive London flat ever sold on classifieds website Gumtree

The property ads of Gumtree are traditionally the preserve of students and 20-somethings in search of a cheap room to rent in a flatshare.

But now it appears to be attracting the luxury market after a huge flat went on sale on the site for a record £10.5million.

The riverside property on South Bank, which has approximately 4,500 sq ft floorspace, represents a landmark moment for Gumtree as the site’s most expensive property ever.

Spread across three floors, the four-bedroom property, which claims to have “approximately” 987 years left on the lease, is within a short walk of the Globe Theatre, Tate Modern and close to the City and has two balconies overlooking the river.

It also has a reception room with floor-to-ceiling glass windows, a wood-panelled study, a gallery library, dining room and drawing room.

Estate agent Denton Consultants said it decided to advertise on the website to open it out to a wider range of potential buyers.

Chief Executive Officer, Mustafa Kondoz, said he expects it to sell quickly.

He said: “We use Gumtree not only to connect with local and national clients but also for international clients searching for a property in London.

“As an international property consultancy firm we have found that Gumtree helps broaden our reach to a wider range of potential customers. This apartment is a dream home in a highly sought after location. We anticipate a quick sale.”

Paul McCambridge, head of property at Gumtree, said: “We’re over the moon to hit this cracking record at Gumtree. It’s great that agents are recognizing Gumtree’s potential to reach a diverse audience.

“The growing number of visitors to our flats and houses category means Gumtree really is the perfect place for agents to advertise their property. This milestone is a great example of our property category growing in strength.”